Commodities
Monday, August 22 2011
SILVER
Silver: (Bullish- Now its time of Silver!!!!)
Silver closed @66,261 on 20/08/2011. Now, it started final wave-(V) UP. Its good asset class to buy among all whose risk reward is favorable.
One can go long in silver with SL-60499 for the target-1 of 72000 & target-2 of 80000 in short to medium term.
I written in my view on 15\7\2011 about medium term bias down with target of 43000 to 40000 for silver but now as it sustain above 65000 (i.e.- 61.8% retracement), it looks like wave-(V) up started.
One can go long in silver with SL-60499 for the target-1 of 72000 & target-2 of 80000 in short to medium term.
I written in my view on 15\7\2011 about medium term bias down with target of 43000 to 40000 for silver but now as it sustain above 65000 (i.e.- 61.8% retracement), it looks like wave-(V) up started.